JAMB - Commerce (2019 - No. 6)
The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018
| Initial Capital | 5000 |
| Net Profit | 1000 |
| Furniture | 2000 |
| Equipment | 2900 |
| Debtors | 100 |
| Stock | 1000 |
| Bank | 500 |
From the above, calculate Fixed assets
6500
2000
4900
600
Explication
| Fixed Assets | N |
| Furniture | 2000 |
| Equipment | 2900 |
| 4900 |